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💳Debt

Payoff math and payoff order, so a loan stops being a mystery.

Loan Payment

The fixed monthly payment on a loan, given its amount, rate, and term.

Formula

Total Interest

The total interest paid over the life of a loan, on top of what you borrowed.

Formula

Amortization

See how an extra yearly repayment shortens a loan and cuts total interest, versus paying it off on the original schedule.

Formula

Debt Avalanche

Pay off debts ordered by highest interest rate first, to minimize total interest paid.

Strategy

Debt Snowball

Pay off debts ordered by smallest balance first, to build momentum through quick wins.

Strategy